Advertisement
Categories: NewsPakistanTech

13.86 Million Smartphones Produced Locally in First 9 Months of 2024

Advertisement

In the first nine months of 2024, Pakistan’s local mobile phone assembly industry produced 22.59 million units, with 13.86 million being smartphones and 8.73 million basic 2G devices. Despite economic challenges and rising interest rates that have weighed on the industry since 2022, production remains robust.

In addition to locally produced units, 1.1 million mobile phones were imported from January to September this year. Infinix led the market, producing 2.79 million units during this period, despite a broader industry decline since 2022.

According to the Pakistan Telecommunication Authority (PTA), local production stood at 24.66 million devices in 2021. By 2023, this figure had dropped by 13.71%, to 21.28 million, largely due to economic pressures. Commercial imports of smartphones also plummeted, dropping from 24.51 million in 2020 to just 1.58 million in 2023. The decline in imports has been driven by restrictions from the central bank aimed at managing the trade deficit and conserving foreign currency.

However, signs of recovery are emerging as the economy improves and the central bank cuts interest rates. With growing internet services across the country, the use of smartphones has surged, now accounting for 64% of all devices on the network, up from 59% in 2023 and 56% in 2022. Meanwhile, the share of 2G devices has fallen to 36%, down from 41% last year and 44% in 2022.

Despite the challenges, Pakistan’s mobile phone production remains a key part of the country’s manufacturing sector, and with economic conditions improving, further growthis anticipated.

Advertisement
Izaan Zubair

With a passion and curiosity for technology, Izaan is a seasoned writer with four years of experience. His expertise lies in translating complex tech updates into engaging stories. Beyond technology, Izaan keeps a finger on the pulse of worldly news, crafting exclusive narratives that inform and inspire his readers.

Recent Posts

Bank Alfalah and WWF-Pakistan Mark Pakistan’s Independence Day with Alfa Forest Mangrove Plantation Drive

To commemorate Pakistan's Independence Day, Bank Alfalah, one of Pakistan's leading commercial banks, partnered with…

2 days ago

foodpanda Collaborates with itel Pakistan to Enhance Rider Connectivity and Digital Access

In a shared commitment to digital inclusion and rider welfare, foodpanda has signed a Memorandum…

2 days ago

OICCI members invest US$23bn in Pakistan, outpacing decade-long net FDI

Leading foreign investors continue to demonstrate strong confidence in Pakistan's economic potential, with OICCI member…

3 days ago

Broadway Pizza adds 82nd outlet, eyes further growth

Broadway Pizza has opened its 82nd branch on the main road near Hadiabad Society, adjacent…

3 days ago

LUCKY INVESTMENTS ACHIEVES THE HIGHEST ASSET MANAGER RATING – AM1

Lucky Investments Limited ("Lucky Investments") has been awarded AM1, the highest Asset Manager Rating by…

3 days ago

Meezan Bank Accelerates Affordable Housing Finance, Surpasses PKR 3 Billion under Government’s Ghar Ho Tu Apna Programme

Karachi: Reinforcing its strategic focus on expanding affordable housing finance, particularly for salaried individuals, Meezan…

3 days ago